Lawn-Tennis Balls Price in Thailand - 2023
Contents:
- Lawn-Tennis Balls Price in Thailand (FOB) - 2022
- Lawn-Tennis Balls Price in Thailand (CIF) - 2023
- Lawn-Tennis Balls Exports in Thailand
- Lawn-Tennis Balls Imports in Thailand
Lawn-Tennis Balls Price in Thailand (FOB) - 2022
In 2022, the average lawn-tennis balls export price amounted to $0.5 per unit, rising by 4.6% against the previous year. In general, the export price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2019 when the average export price increased by 63%. As a result, the export price reached the peak level of $0.8 per unit. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($0.7 per unit), while the average price for exports to China ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-0.3%), while the prices for the other major destinations experienced a decline.
Lawn-Tennis Balls Price in Thailand (CIF) - 2023
The average lawn-tennis balls import price stood at $2.7 per unit in September 2023, increasing by 101% against the previous month. Over the period under review, the import price saw strong growth. The import price peaked at $2.9 per unit in January 2023; however, from February 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($19.5 per unit), while the price for Japan ($1.8 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+44.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Lawn-Tennis Balls Exports in Thailand
For the fourth consecutive year, Thailand recorded growth in shipments abroad of lawn-tennis ballses, which increased by 6.4% to 204M units in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 52% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, lawn-tennis balls exports rose sharply to $108M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 31%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Lawn-Tennis Balls in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.2 | 15.6 | 20.7 | 27.1 | 21.3% |
| France | 15.1 | 10.2 | 10.4 | 14.5 | -1.3% |
| Japan | 16.7 | 13.1 | 14.5 | 13.8 | -6.2% |
| Germany | 9.0 | 9.9 | 11.4 | 11.4 | 8.2% |
| Netherlands | 0.7 | 2.7 | 7.5 | 7.6 | 121.4% |
| Spain | 0.7 | 1.0 | 1.9 | 5.4 | 97.6% |
| Belgium | 0.8 | 4.8 | 6.6 | 3.3 | 60.4% |
| South Korea | 2.4 | 2.2 | 2.7 | 3.0 | 7.7% |
| China | 1.5 | 0.9 | 1.6 | 2.7 | 21.6% |
| Sweden | 1.1 | 1.8 | 2.6 | 2.5 | 31.5% |
| Australia | 1.4 | 1.9 | 2.4 | 1.7 | 6.7% |
| Others | 11.6 | 9.5 | 14.4 | 14.6 | 8.0% |
| Total | 76.3 | 73.5 | 96.6 | 108 | 12.3% |
Top Export Markets for Lawn-Tennis Balls from Thailand in 2022:
- United States (56.7M units)
- France (23.7M units)
- Germany (23.3M units)
- Japan (23.1M units)
- Netherlands (11.6M units)
- Spain (9.3M units)
- China (7.3M units)
- South Korea (6.2M units)
- Belgium (5.3M units)
- Sweden (4.4M units)
- Australia (3.8M units)
Lawn-Tennis Balls Imports in Thailand
In 2022, overseas purchases of lawn-tennis ballses increased by 50% to 337K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a deep downturn. Imports peaked at 487K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, lawn-tennis balls imports skyrocketed to $703K in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Lawn-Tennis Balls in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 209 | 155 | 308 | 628 | 44.3% |
| China | 62.7 | 39.1 | 44.0 | 45.0 | -10.5% |
| Others | 11.8 | 58.0 | 11.9 | 29.4 | 35.6% |
| Total | 284 | 252 | 364 | 703 | 35.3% |
Top Suppliers of Lawn-Tennis Balls to Thailand in 2022:
- Philippines (236.8K units)
- China (89.7K units)
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